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Banks extend repayment period of loans worth Sh9.9 billion, says CBK

CBK Governor Patrick Njoroge

Banks have restructured Sh9.9 billion loans between March 18 and March 30 on request of customers following the effect of Covid-19 pandemic.

A number of banks in March announced a loan holiday for small and medium enterprises (SMEs) and personal banking customers to cushion them against the economic disruptions caused by the Coronavirus disease (COVID-19).

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